KARACHI : Pakistan’s total foreign exchange reserves have crossed $22.5 billion after the government received a $1.2 billion installment from the International Monetary Fund (IMF), according to data released by the State Bank of Pakistan (SBP).
The central bank’s statistics show that Pakistan’s total foreign exchange reserves stood at $22.5885 billion as of May 15, 2026. Reserves held directly by the SBP were recorded at $17.81 billion.
The SBP statement noted that reserves held by commercial banks also increased, reaching $5.5075 billion, bringing the overall figure to $22.5885 billion.
During the week ending May 15, 2026, the central bank’s foreign exchange reserves surged by $1.214 billion to reach $17.81 billion. The sharp increase was attributed to funds received under the IMF’s Extended Fund Facility (EFF) and Resilience and Sustainability Facility (RSF), as well as proceeds from the issuance of Panda Bonds.
The SBP further informed that some repayment of external loans was also made during the same period.
The development marks a significant improvement in Pakistan’s external position, providing much-needed cushion for import cover and debt servicing obligations.
